Following the successful delivery of critical milestones, and with THE RED SEA destination on track to welcome first visitors in early 2023, RSG’s mandate has expanded to oversee upwards of a dozen projects stretching the length of the Red Sea coast of Saudi Arabia, with the potential to expand beyond the Kingdom in the future.
“With THE RED SEA and AMAALA we’ve proven our ability to realize mega-scale responsible developments that positively shape the futures of both the people who we welcome and employ, and the places in which we operate,” said John Pagano, Group CEO, Red Sea Global.
The global multi-project developer’s existing two giga projects under delivery are projected to contribute some 33 billion riyals annually to the Kingdom’s economy on completion, evidencing the economic boon that RSG can deliver as it expands. RSG’s projects also focus on enhancing the wellbeing of communities, including comprehensive training programs for the next generation of Saudi talent.
To date, across the two live projects, the company has awarded more than 1300 contracts worth nearly USD8.5 billion, with some 70 percent of the total value awarded to Saudi companies reflective of the organisations ambition to positively impact the local economy.